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#TrumpTariffs #TrumpTariffs Trump's tariff definitions refer to the taxes imposed on imported goods to the United States during Donald Trump's presidency, both in his first term (2017-2021) and his second term (2025 to present). Below is a detailed breakdown of the tariffs: Key tariff measures: - *Tariffs on China*: Trump escalated his trade war with China by raising the basic tariffs on Chinese imports to 145%. China retaliated by imposing a tariff of no less than 125% on American goods and restricted exports of rare metals. - *Tariffs on steel and aluminum*: A tariff of 25% was imposed on steel and aluminum imports from all countries to boost domestic production. - *Tariffs on cars*: A tariff of 25% was imposed on all imported cars, including those coming from Mexico and Canada, aiming to strengthen domestic manufacturing. - *Comprehensive tariffs*: Tariffs of no less than 10% were imposed on all American imports, starting from April 5, 2025, with higher tariffs on imports from 57 countries ranging from 11% to 50%. Impact and reactions: - *Escalation of the trade war*: The tariffs led to retaliatory measures from trading partners, resulting in a stock market crash and raising concerns about rising prices and product shortages. #TrumpTariffs . $TRUMP
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#TradeWarEases #TradeWarEases The United States and China concluded high-level trade talks in Geneva that lasted for two days, resulting in "tangible progress" towards resolving ongoing trade tensions. The two countries agreed to establish a new mechanism for economic and trade consultations, with a joint statement on the matter to be issued on May 12. This development may contribute to calming global markets and improving confidence between the world's two largest economies, potentially opening the door to positive changes in international trade policies.
#TradeWarEases ā”President Trump: We have achieved a complete reset with Chinaā” * President Donald Trump said on Monday that he may speak with Chinese President Xi Jinping later this week, as negotiations between the two economic powers show signs of progress toward a potential trade agreement. š„ Key Highlights š„ - The United States is prepared to assist India and Pakistan in trade. - We will soon begin negotiations with Pakistan. - We are achieving a complete reset with China. - The agreement does not include tariffs on cars, steel, aluminum, or pharmaceuticals. - The talks in Geneva were friendly. - I may talk to Xi (Jinping) at the end of the week. - China has agreed to open up. - China will suspend non-cash barriers. - Good things could come from the Russia-Ukraine meeting. - China has agreed to stop fentanyl. #NewsTrade #TradeWarEases #CryptoComeback $TRUMP
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Announcement of a significant truce in the trade war between the United States and China after a successful round of negotiations held in Geneva. Here are the main points of the agreement: Reduction of tariffs for 90 days: The United States will reduce tariffs on Chinese goods from 145% to 30%. China will reduce tariffs on American goods from 125% to 10%. The aim of this step is to provide a timeframe for deeper and more comprehensive negotiations. Exemption of certain issues: Tariffs related to fentanyl (a dangerous narcotic) were not included in this agreement and are still being negotiated separately. Market reaction: Global markets responded positively: American stock indices, such as S&P 500 and Nasdaq, rose. The US dollar strengthened, as did yields on US Treasury bonds. Some analysts expressed conditional optimism, considering the agreement surprising and positive but temporary. Analysts' stance: Some see this agreement as a real opportunity to repair the trade relationship, while others warn that it is merely a temporary truce, and tensions may return later if a final agreement is not reached. This truce gives both parties 90 days to try to resolve major trade disputes, but challenges remain, and the outcomes depend on what happens during this period.